BMI earnings / call / takeaways

BMI Q3 FY26 earnings call: key takeaways

What BMI said on its earnings call of October 22, 2026: results against expectations, what changed since last quarter, guidance and the questions analysts pressed on.

By Lician·October 22, 2026·AI-generated from the call transcript and Lician data

Badger Meter reported Q3 2026 EPS of $1.24, exceeding the consensus of $1.21 (4:29)
Revenue of $235.9 million fell short of the $240.8 million consensus (2:29)

Results vs expectations

Metric	Consensus	Reported	Result
EPS	$1.21	$1.24	beat
Revenue	$240.8M	$235.9M	miss

EPS basis: GAAP diluted EPS, SEC 10-Q

The stock moved +13.5% over the report window (S&P 500 ETF -1.2%). Earnings history

What changed since last quarter

The company raised full-year revenue guidance, citing improved momentum and project ramping. (11:37)
Gross margins were stronger than expected, with management noting continued resilience despite supply chain pressures. (13:49)
Management emphasized confidence in sustaining growth into 2027 despite ongoing project variability. (9:11)

What analysts pressed on

Whether the flat full-year revenue guidance could be challenged by project variability. (11:37)
How supply chain cost pressures will affect gross margins in the fourth quarter. (19:42)
Concerns about the health of the metering unit market and its impact on future growth. (22:07)

In their words

We continue to anticipate both sequential and year-over-year improvement in revenue in the fourth quarter Ken (1:21)
OneNetwork brings AMI, network monitoring, and water quality data together in one platform Bob (6:38)
We feel really good about our ability to operate within the 39 to 42% gross margin range (23:52)
Our customers are looking forward to the future to deal with the issues that they have to deal with (23:52)

Read the full transcript with the AI summary, or listen on the company's official webcast.

Every past call in full and transcript search come with Lician Pro.

Written by AI from the automatic transcript of the company's public webcast and Lician's earnings data. Each sentence cites the passage it comes from, and a sentence with a figure that is not in its sources was removed. Not investment advice.